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Why Should I Set Up a Chart of Accounts?

August 10, 2023by People First0

A chart of accounts is used to categorize income and expenses and makes it easier to track financial activity. This will also help with tax preparation and reporting. You wanna make sure you think through the development so that you have a clear and concise listing. I’ve seen too many cases where not enough thought was put into the development, which later caused a messy set of books.

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Copyright by People First INC. All rights reserved. 2022

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